WePower — A Blockchain Based Green Energy Platform

The WePower project is an ICO from a Lithuanian company called WePower UAB. The goal of the project is to create a platform that enables renewable energy producers to raise capital by issuing their own energy tokens. I became interested in this project for a few reasons.

First, I am very interested in energy / power projects in crypto. I have invested a good chunk of my holdings in Power Ledger, which is an Australian cryptocurrency project. Seeing that project’s success (ranked top 100 in coinmarketcap) makes me believe that more energy / power projects are need in the crypto industry.

The project has also received a good amount of coverage from crypto news sites. VentureBeat wrote about the project, “WePower’s platform lets green energy project developers, such as solar or wind plant builders, raise funds by selling their future energy production upfront in the form of energy tokens. It is an interesting approach since access to capital markets has been a hurdle for green energy organisations.” The full article can be seen here https://venturebeat.com/2017/12/21/wepower-takes-its-blockchain-powered-green-energy-platform-to-australia/.

The project is also partnered with well known and reputable projects / companies such as Bitcoin Suisse, Tokenlot, Bancor, and more. The full list of the project’s partners can be seen on their website, which I will link below at the bottom of the page. It’s always good news for an ICO when a project has reputable partners like this, because it legitimizes the project, and such partners can give insight in order to make the project even better.

The project also has a very detailed roadmap that shows exciting future developments. For example, in April 2018, the platform will launch. In November 2018, WePower will be operational in Spain. In 2019, there will be a virtual power plant structure.